Amur Minerals (AMC) told investors on Tuesday that the hydrological assessment of its Kun-Manie nickel copper sulphide project has been approved by the Russian Federation agencies.
The hydrological assessment confirmed the presence of substantial groundwater reserves along the Maly Kurumkon and Bolshoy Kurumkon water sheds.
It found water reserves sufficient to support the Kun-Manie proposed mining operation, with both potable/ablution water and process water supplies for the mining and ore processing of six million tonnes of ore per year.
Shares in Amur Minerals were trading 4.9% lower at 2.33p on Tuesday morning
Robin Young, CEO of Amur Minerals Corporation, said: "Comprised of two categories of water which are potable/ablution waters to support a 500 staff operation and industrial usage to crush, grind and float the sulphide metals from the ores allowing for the generation of concentrates, these waters can be derived from a limited number of holes, ten in total.”
He continued: “This indicates that a relatively small cost will be required to develop the necessary two well fields.”
A February 2019 Pre-feasibility study found the Kun-Manie project to have a JORC Mineral Resource estimate of 155.1 million ore tonnes, with nickel equivalent grade of 1.02%, equating to about 1.58 million equivalent tonnes of nickel metal.
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